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RESIDENTIAL MORTGAGE LOAN SECURITIZATION TRUSTS - Condensed Consolidated Statements of Operations (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Variable Interest Entity [Line Items]        
Net interest income $ 4,569,910 $ 4,827,921 $ 7,687,482 $ 10,611,682
General and administrative fees (962,284) (1,243,257) (2,352,345) (2,831,829)
Unrealized gain (loss) on residential loans held in securitization trusts 5,905,602 (250,079) 5,650,199 (618,422)
Net income (loss) (21,490,063) (2,296,571) (10,175,063) 72,570
Residential mortgage loans        
Variable Interest Entity [Line Items]        
Interest income 954,711 1,298,520 2,102,352 2,653,958
Interest expense 765,914 1,030,971 1,685,971 2,105,323
Net interest income 188,797 267,549 416,381 548,635
General and administrative fees (13,958) (11,380) (20,886) (23,224)
Unrealized gain (loss) on residential loans held in securitization trusts 5,905,602 (250,079) 5,650,199 (618,422)
Net income (loss) $ 6,080,441 $ 6,090 $ 6,045,694 $ (93,011)